Best's Market Segment Report: AM Best Maintains its Stable Outlook for London Market Insurance Segment

LONDON--(BUSINESS WIRE)--
AM Best is maintaining its outlook for the London market insurance segment at stable.

In its new Best’s Market Segment Report, “Market Segment Outlook: London Market Insurance,” AM Best notes the strong pricing environment that is expected to support further improvement in underlying underwriting profitability.

Other positive factors include higher interest rates that are likely to boost investment yields, the improved access for third-party capital to support growth opportunities, and market modernisation initiatives that should reduce costs.

Moderating factors include the increased reserve risk posed by social and economic inflation, exposure management challenges as a result of changing climate trends and systemic risks, potential threats from volatile economic conditions, and high reinsurance costs impacting business strategies of those with elevated levels of reinsurance use. In addition, uncertainty remains with regards to the ultimate cost of claims related to the conflict in Ukraine.

To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=329961.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Timothy Prince
Director, Analytics

+44 20 7397 0320

timothy.prince@ambest.com

Catherine Thomas, CFA

Senior Director, Head of Analytics

+44 20 7397 0281

catherine.thomas@ambest.com

Richard Banks
Director, Industry Research – EMEA

+44 20 7397 0322

richard.banks@ambest.com

Edem Kuenyehia
Director, Market Development Communications

+44 20 7397 0280

edem.kuenyehia@ambest.com

Source: AM Best